Done Deals: HFF announces sale of 1111 Superior Avenue in Cleveland, OH

Monday, October 29, 2018

HFF announces sale of 1111 Superior Avenue in Cleveland, OH

1111 Superior Avenue Office Tower, Central Business District, Cleveland, OH

Jaime Fink

CHICAGO, IL, Oct. 29, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of 1111 Superior Avenue, a 559,299-square-foot Class A office tower in Cleveland, Ohio.

The HFF team marketed the property on behalf of the seller, American Landmark Properties Corporation, and procured the buyer, Zamir Equities LLC.

1111 Superior Avenue is located at “Main and Main” in the epicenter of Cleveland’s central business district. The property is positioned along the city’s main thoroughfare through the CBD and overlooks Lake Erie.

Additionally, tenants have easy access to the recently redesigned Ralph J. Perk Plaza Park as well as the Theatre District, bike share system and metro light rail system.

Jeffrey Bramson

The 28-story tower was renovated in 2014 and is one of only a handful of LEED Silver certified buildings in downtown Cleveland.

Anchored by the Cleveland Metropolitan School District, 1111 Superior Avenue is 83.4 percent leased to a diverse tenant base, including Asurint and MetLife Services & Solutions.

Amenities at the office tower include a brand-new conference facility, fitness facility, yoga room, David’s Deli and unimpeded views of Lake Erie and downtown Cleveland.

The HFF investment advisory team representing the seller included senior managing directors Jaime Fink, Jeffrey Bramson and John Merrill and directors Bryan Rosenberg and Patrick Shields.

John Merrill

American Landmark Properties is a real estate investment group with a 30-year track record of delivering consistently strong returns to its investors.

The company’s acquisition philosophy is to seek and acquire value-add and opportunistic mid-cap office, industrial and multifamily properties in the Midwest and East Coast.

Its skills and expertise include syndication, financing, leasing, sales and marketing, repositioning, renovation property/asset management and disposition.

To learn more, please visit: www.americanlandmark.com.

Bryan Rosenberg

Founded by Asher Zamir in 2003, Zamir Equities is a privately held New York City-based, integrated real estate private equity firm.

Currently, Zamir Equities owns and manages cumulative properties encompassing nearly three million square feet.

Recognized for their astute acquisition proficiency, along with unparalleled real estate management, leasing and marketing experience, Zamir Equities specializes in risk-adjusted market returns in both undervalued and stabilized real estate assets.

Zamir Equities is headquartered in the heart of midtown Manhattan in the Fred F. French Building, a magnificent 38-story art deco building erected in 1927.

To learn more, please visit: www.zamirequities.com.

CONTACTS:

Patrick Shields